The story

He's a media maverick. A man who has been shaking the establishment for much of his career. Mel Karmazin began his professional life in radio in New York City, and over the next 40 years built a coast-to-coast business, ran the CBS network, and more recently became a driving force in one of America's newest media ventures, satellite radio.

Along the way he's provided a national platform for the so-called "shock jocks" like Howard Stern. He's developed a reputation as a super salesman, a businessman who could close a deal. He was a key architect in the 35 billion-dollar merger between CBS and media giant Viacom in 1999.

Here are excerpts from The Boardroom Masterclass in New York, hosted by CNN's Andrew Stevens and filmed in front of a live audience. Read full article »